ICICI Bank launches Eazypay digital payments app

New Delhi, Dec. 28 -- ICICI Bank Ltd on Tuesday introduced Eazypay, a mobile app for merchants to receive payments.
Any merchant who has a current account with ICICI Bank can use the app to receive payments in store, or during home delivery of goods, through the Unified Payments Interface (UPI), credit or debit card, internet banking, and the banks digital wallet Pockets.
"I believe this application will have broad base usage as it allows merchants to collect any amount digitally without any hassles of a daily or monthly limit on collection. Additionally, it can be used by up to 30 employees of a merchant simultaneously to collect payment on their mobile phones at multiple counters 'in-the-store' as well as 'on-the-go' like home deliveries," Chanda Kochhar, MD & CEO, ICICI Bank, said in a statement.
Eazypay is designed to facilitate merchants and businesses like e-commerce companies, telesales companies, to collect payments where the buyer and the seller are not physically present at the same location.
"The money collected through this app directly goes to the current account of the merchants and professionals. Our existing customers do not need to visit a branch or submit any document for using the app," Kochhar added.
The seller can enter the amount in the app, the preferred mode of payment and the buyer's mobile number (or virtual payment address (VPA) for UPI-based payments). On getting an SMS notification, the buyer can simply enter his/her details to pay through credit, debit card, net banking or Pockets. For payment using UPI, the buyer can pay either by scanning a QR code displayed on the seller's phone or directly through their VPA.
Unlike e-wallets, there is no daily or monthly limits for accepting payments.
The app is available for Android users. The iOS version will be introduced shortly.